COMMERCIAL

Southland Times, Issue 24154, 17 June 1940, Page 2

COMMERCIAL

FREEZING SCHEDULE NO CHANGE THIS WEEK No change is being made in the Southland freezing schedule for this week. The prices are as follows:— LAMBS

RISING PRICES ON LONDON MARKETS j ITALY’S ENTRY INTO WAR i GIVES FILLIP I (Received June 16, 6.30 p.m.) j LONDON, July 15. I Italy’s entry into the war gave a fresh fillip to rising prices in the comI modify markets. Tin and rubber quota- ' tions reached war-time records. Re- ! strictions on transactions in cotton I futures have been relaxed and prices | are expected to soar higher. j However, Stock Exchange investors j continue to ignore repeated recomI mendations. The Stock Exchange generally presents a firm front. Gilt—edgeds maintain their strength, but the foreign bond market suffered, Italians slumping heavily. MINING-RETURNS ARGO DREDGE (United Press Association) GREYMOUTH, Junevls. The Argo dredge returns were 36 ounces for 133 hours’ work and 12,000 yards treated. POOR PROSPECTS IN WOOL PRICES (Received June 16, 7.30 p.m.) LONDON, June 16. While rubber and tin prices are at extraordinary heights, wheat and wool offer painful prospects for producers selling on the open markets. Britain, France, Spain and Portugal are apparently the only European countries capable of maintaining imports from overseas. STOCK INDICES (Received June 15, 6.30 p.m.) LONDON, June 14. Stock Indices Compiled by The Financial Times October 15. 1926 100

NEW YORK . Dow Jones Averages 1926 „ 100

FOREIGN EXCHANGES

(Received June 15, 6.30 p.m.) LONDON, June 14. Paris, franc to £1 176% Amsterdam, florins to £1 — Montreal, dollar to £1 4,45 Switzerland, franc to £1 16.90 Stockholm, kroner to £1 540 Athens, drachmae to £1 75.55 Lisbon, escudo to £1 16.80 Kobe, pence to yen 14 3.15 Hong Kong, pence to dollar 16 31-32 Shanghai, pence to dollar 3 29-32 Brussels, belgas to £1 _ Rome, lire to £1 . 24.175 Tokyo, pence to yen 24.37 Copenhagen, kroner to £1 _ Oslo, kroner to £1 _ Milan, lire to £1 72.50 Argentine, pesos to £1 68.00 New York, dollar to £1 3.70'/ 4

THE RIALTO William Todd and Co., Ltd., report as follows for the week ended Saturday: Pigs: Small weaners 9/- to 11/-, well grown 12/- to 16/6, small stores 15/to £l/8/-, stores £l/9/- to £l/15/6, baconers £3/19/-. Poultry: Hen’s 1/2 to 1/6, heavy breeds 2/2 to 3/8, pullets 2/7 to 10/-, ducks 1/8 to 3/-, turkey hens 4/9 to 9/-, gobbler 11/-. Produce: Table potatoes, heavy supplies, market dull. Prime King Edwards £5/15/-, chaff, good demand, £6/10/-, hay £5 to £5/10/-, straw £3/10/-, oats 13/- to 17/6, barley 20/-, wheat 19/- to 21/-, oatdust 5/-, husk-

less oats 22/6, pollard 9/6, bran 7/6, sorrell 3/6, meat meal 11/-, molasses 20/-, rock sale 10/6, coarse salt 9/6, Moose meal 20/6, Moose nuts 20/-, oystei - shell grit 6/- cwt, small potatoes 3/- bag. Vegetables: Cabbage 2/- to 3/-, cauliflower 4/- doz, Brussels sprouts 6d lb, leeks 6d bundle, carrots, parsnips, beetroot Id to 2d lb, swedes 1/6 bag. Miscellaneous: Horse covers 40/-, cow covers 11/6, Pumice boilers £B/5/-, Pumice washtubs £2/15/-, concrete sheep boxes 12/6, tanks £2/17/6, sashes 15/-, wheelbarrows 15/-, cement 6/8, pickling barrells 9/-, timber 16/- to 18/- 100 ft, stakes £2, droppers 18/-, posts £8 to £9 100, Totara strainers 12/6 to 15/-, mutton birds 1/-, carrots for poisoning 8/6 cwt, Hulle's powder strychnine 4/-, Ceylon tea s’s 17/6, 40 s 3/5 lb, hedge trees, white escalonia 30/— 100. '

THE METAL MARKET

(Received June 15, 6.30 p.m.) LONDON, June 14. Silver.—Standard 23 7-16 d an ounce, fine 25 5-16 d. Pig Iron.—£s/11/- a ton. Antimony.—British £lO6 to £lO7. foreign £B2 to £B7. Tin.—Spot. £290/5/- buyers, £290/10/sellers; forward, £291/10/- buyers, £292 Molybdenite.—4s/6 to 47/6 a unit (nominal). Wolfram.—so/6 to 60/6 (nominal).

194( d. 3 1939 d. 361b and under 91 7 371b to 421b 9 65 431b to 501b 8£ 6i 511b and over 8| 64 Second quality— 361b and under Si 61 371b and over 8 61 WETHERS 481b and under 6 32 491b to 561b 5i 3i 571b to 641b . 3 651b to 721b r 21 731b to 801b 4g 21 Seconds— 561b and under 5.1 3 571b and over 41 3 EWES Under 641b 32 2 -11 Over 641b 32 11-1

Govt. Securities Home Rails Industrials Gold mines May 23 109.2 45.0 85.4 179.0 May 24 108.9 44.1 84.6 178.3 May 27 109.3 43.0 84.1 177.0 May 28 108.6 41.6 81.9 171.7 May 30 109.5 40.0 78.5 165.9 June 3 109.6 38.1 77.0 165.1 June 4 109.4 37.7 76.5 164.0 June 5 109.0 37.7 76.5 162.9 June 6 108.7 37.6 75.9 159.7 June 10 108.8 38.2 77.6 162.3 June 11 108.9 38.3 77.0 159.8 June 12 108.9 39.2 77.2 161.8 June 13 108.8 38.8 67.8 160.3 June 14 108.1 37.7 75.7 158.5

20 Railroads. 30 Indus trials. Sales 1000 shares May 25 22.76 114.75 550 May 27 23.32 116.35 790 May 28 22.82 114.26 1260 June 1 23.05 115.67 270 June 4 23.35 115.79 410 June 5 22.94 113.25 670 June 6 23.09 114.8 430 June 8 23.79 115.36 200 June 11 23.73 115.97 760 June 12 25.20 121.46 1360 June 14 24.87 122.27 950 June 16 24.97 123.36 560